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Financial
Distress signals
Property profile

11500 Broad St Henrico, VA 23233

OFF-MARKET
Retail space
Property ID
US87-1096375
12,144 SF 1.6 ac lot Built 2013
Last sale Jun 2025 · $3,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a convenience store site that has been operated under a long-term commercial lease to Sheetz, a convenience store operator founded in 1952. The lease term is 20 years with multiple extension options consisting of seven 5-year options, providing potential for long-duration occupancy at the location. The lease economics include scheduled rent increases of 10% occurring every five years beginning in year 11. The site is configured as a convenience retail location suitable for ongoing convenience store use under its existing leased format.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$33k
Tax billed · 2023
Assessed value · 2024$3.98M
Assessed land$2.01M
Assessed improvement$1.97M
Effective rate0.83%

Value estimate

· Oct 2026
$3.12M
$2.80M – $3.43M
CAP approach$2.04M
Submarket $/SF estimate$2.82M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$144/SF
Submarket average, outlier-cleaned · 175 recorded sales of this use type
Observed band · Q1–Q3$83 – $232

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M-1
Sec. 24-3411. M-1 Light Industrial District. A. Purpose. The purpose of the M-1 Light Industrial District is to provide lands for a varie...
General categoryINDUSTRIAL
JurisdictionHENRICO

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply16.3
Wholesale Shop13.3
Parking Facility12.9

Location

11500 Broad St Henrico, VA 23233-1117
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 15 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
12151 Broad, Henrico, VA 23233-7604 $31,000,000 Nov 2021 35,984 SF
11812 Broad, Henrico, VA 23233-1064 $3,200,000 Jul 2021 120,000 SF
3901 Gaskins, Henrico, VA 23233-1415 $650,000 Jul 2020 1,368 SF
2150 John Rolfe, Henrico, VA 23233-6983 $1,102,363 Apr 2020 6,906 SF
12090 Broad, Henrico, VA 23233-1002 $2,570,790 Dec 2018 9,462 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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